Urban Benjamin Nicholas 4

4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Jun 10, 2026

AI-generated summary of this filing

Updated Jun 10, 2026

DIRTT (DRTTF) CEO Urban Benjamin Nicholas Converts 125,000 RSUs

What Happened

Urban Benjamin Nicholas, CEO of DIRTT Environmental Solutions Ltd. (DRTTF), had 125,000 restricted stock units (RSUs) vest and be converted into common shares on June 8, 2026.
Of the 125,000 shares issued on vesting, 60,586 shares were withheld to cover tax withholding (reported as a disposition) at $0.52 per share, totaling $31,505. The conversion had no exercise price ($0.00) so the acquisition value of the vested shares was reported as $0.
Net shares received by the insider after withholding: 64,414 shares. This is a routine compensation-related issuance (award/vesting), not an open-market purchase.

Key Details

Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely).
Actions reported: M = conversion/exercise of derivative (125,000 RSUs → 125,000 shares, $0.00 exercise price); F = tax withholding/disposition (60,586 shares disposed at $0.52, $31,505).
Net shares received: 64,414 (125,000 acquired − 60,586 withheld).
Shares owned after transaction: not disclosed in the provided filing details.
Footnotes: The 125,000 shares represent one-third of a 375,000 RSU grant made June 7, 2023, which vests in three equal annual installments. The per-share vesting price used was C$0.72 (converted to US$ using the Bank of Canada rate C$1.3947 = US$1.00).

Context

RSU vesting and tax-withholding are common compensation events and generally do not signal a buy/sell decision by the insider.
There was no cash exercise price required for these RSUs (cashless conversion into shares); the tax withholding is a routine disposition to satisfy withholding obligations.
As CEO, the filing is material to monitor, but the transaction reflects compensation vesting rather than an active market trade.

Form 4

Period: 2026-06-08

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Common Shares
[F2]
2026-06-08+125,000→ 1,531,804 total
Tax Payment
Common Shares
[F2]
2026-06-08$0.52/sh−60,586$31,505→ 1,471,218 total
Exercise/Conversion
Restricted Share Units
[F1]
2026-06-08+125,000→ 0 total
→ Common Shares (125,000 underlying)

Footnotes (2)

[F1]On June 7, 2023, the reporting person was granted 375,000 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. One-third of the RSUs vested on June 8, 2026 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
[F2]The price used to calculate the June 7 RSU vesting was C$0.72, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 8, 2026. The price was converted using the Bank of Canada exchange rate for June 8, 2026 of C$1.3947= US$1.00.

Signature

/s/ Fareeha Khan, as attorney-in-fact Benjamin Urban|2026-06-10

1 file